SG stocks Thursday: DBS, GIC, CapitaLand Investment, LMIR Trust

Singapore companies in focus on Thursday, 23 June 2022:

• DBS provides GIC with green loan for Sydney property
• CapitaLand Investment launches CNY700M onshore China yuan fund
• Singapore Taps AI to Combat Greenwashing in real estate
• Lippo Malls Indonesia Retail Trust downgraded by Moody’s

DBS provides GIC with green loan for Sydney property

• DBS has extended a A$295 million green loan to Singapore sovereign wealth fund GIC to refinance the Chifley Tower Sydney, the Singapore bank said in a press release Wednesday.

CapitaLand Investment launches CNY700M onshore China yuan fund

• CapitaLand Investment has launched its first onshore China yuan-denominated fund in a tie-up with a domestic asset management company, the real estate investment manager (REIM) said in a filing to SGX Wednesday.

Singapore Taps AI to Combat Greenwashing in real estate

• Singapore’s central bank has set up its first use case for an artificial intelligence (AI) program to combat greenwashing: real estate.

Lippo Malls Indonesia Retail Trust downgraded by Moody’s

• Moody’s Investors Service has downgraded Lippo Malls Indonesia Retail Trust (LMIR Trust) to B2 from B1, keeping a negative outlook, the ratings service said in a statement Wednesday.

Singapore company briefs

• SG brief: Singtel, Intouch and Temasek
• SG brief: United Hampshire US REIT
• SG brief: Rex International and Lime Petroleum

Stake Changes

• Stake changes: Koh Brothers Eco Engineering and Oiltek
• Stake changes: United Hampshire US REIT